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Listed by David Holstein of The Holstein Group (310-345-9994)
Updated Set Up Sheet Attached - Also - Updated Loan Quote .. Rates are Down! The Holstein Group is pleased to offer 14900 Lemoli Ave., Gardena CA 90249 to the investment marketplace. This 16-unit apartment complex benefits from a strong employment base as well as a nearby college that helps provide constant demand for housing. The property consists of all large One Bedroom Units and is situated on an oversized 15,624 sq ft lot with plenty of parking. All utilities are paid by Landlord (Master Metered) which also entitles the owner to a generous 6% annual rent increase (2024). This asset is situated in zip code area of the City of Gardena, however, under it falls under the jurisdiction of LA County (not LA City). Upside potential exist with this asset by bringing the below market rents to market rates year after year with the 6% increases. Additionally, there is an office unit that has plumbing for a toilet and shower which may be able to be leased out as an office (Buyer to verify). An investor can also find upside with the laundry room income as well as storage facilities located in the parking area. For investors looking for a value-added opportunity - this might be your deal! Some basic deferred maintenance makes this investment offering perfect for an investor that knows how to beautify a property and maximize rents in the process. Priced competitively at 10.32 GRM and a potential 6% CAP, this asset potentially can possibly cash flow at the list price using reasonable estimated expenses!!

Property Details of 14900 Lemoli Avenue

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Based on information submitted to CRMLS as of March 2, 2024 1:53 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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